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Jan
17
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How much does it cost now to run a full managed reverse auction?Purchasing, Reverse Auctions --- 2007 Jean-Philippe Massin, 1,372 views
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What is still amazing me in the eSourcing and eProcurement world is the lack of transparency of prices. So here is my question of the day:
- how much does it cost to get a full managed reverse auction?
- Which pricing model do you know and/or use (fixed-fee, success fee, mixed…)?
Let me start dropping some figures:
- Eutilia N.V. (currently in liquidation), was – in 2006 – charging €5.000 on average and applying €3.000 minimum. Of course, the amount at stake during the auction was a key driver to set the final price, when this one was not negotiated on a volume basis.
- In 2003, Ramesh Mehta (Moia CEO since 2002) dropped $1.600 as a single line full managed event price and $2.000 for multi-lines. Read his conversation with Debbie Wilson here.
If I find more information about full managed reverse auction pricing, I will add it later-on here on this post.
What about you? What pricing range are you aware of?
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February 4th, 2007 at 4:56 pm
Came across your posting as I’m doing some work on this question right now as well. The cost of running e-auctions is hard to nail down. You can pay for a consultant supported model or get the auction “free” under a vendor pay model. A few factors to consider:
– one-off event, multiple events, unlimited license
- software only, or supported service
- spend volume
- vendor pay or buyer pay
Based on some prelininary work I’m seeing one-offs running about (US$’s) $5,000-$10,000 depending on the amount of support provided. Unlimited licenses (run as many events as you want) for $75,000-$200,000.
Over the next couple of months I’ll be taking a look at e-auction pricing and post what I find. Maybe we should conduct an auction for auction services.
Cheers,
David Rotor
March 4th, 2007 at 3:06 am
Here is one good reverse auction website and the fees are reasonable http://www.oltiby.com/resources-auction-fees
March 12th, 2007 at 3:44 pm
This company’s ExpediSource enterprise web app does auctions plus user-custom survey, RFI, RFP and contract functions. Built around a master supplier portal that automates the prequal process. Includes robust collaboration/notification tools. Sold as client-specific sites with unlimited usage for less than $40K/year. http://www.acuitysourcing.com http://www.expedisource.com